International Conference on Construction and Real Estate Management 2016
Empirical Analysis for the Influencing Factors of Harbin’s Housing Prices
Publication: ICCREM 2016: BIM Application and Off-Site Construction
ABSTRACT
As the provincial capital of Heilongjiang Province, Harbin is the center of politics, economy, culture, and traffic of northeast part of China. The housing price has been rising sharply since 2006, which effects people’s life a lot. In this paper, we analyzed the influencing factors of housing price from the aspect of supply and demand, selected the data of Harbin’s housing price in recent decade as sample, and finished the model building of demand factors and supply factors. Besides, we found the important factors which influence housing price and hoped this would give advice for the sound development of Harbin’s real estate market.
Get full access to this chapter
View all available purchase options and get full access to this chapter.
ACKNOWLEDGMENTS
Kindly thank Prof. Xiaowei Wang for guiding me to finish building these two models and my boyfriend Yue Wu for helping to translate the paper and finish type setting.
REFERENCES
Bao, L.X. (2006). The Research on the Influential Factors of Real Estate. Hehai University, Nanjing, China, 36–38. (in Chinese).
Campbell, J. and Cocco, J. (2007). “How do house price affect consumption? Evidence from micro date.” Journal of Monetary Economics, 54(3), 591–621.
Cao, G.H. (2002). “The Analysis of Total urban housing demand influencing factors.” Reform, (4), 71–74. (in Chinese).
Elbourne, A. (2008). “The UK housing market and the monetary policy transmission mechanism: an SVAR approach.” Journal of Housing Economics, 17(1), 65–87.
Li, Y.Y. (2009). “Analysis of real estate price changes.” Modern Business Trade Industry, (5), 77–78. (in Chinese).
Peter, E. (1998). “Improved price indexes for real estate: measuring the course of swedish housing prices.” Journal of Urban Economics, 44(2), 171–196.
Wu, M. (2012). “The factors of real estate based on multiple regressions.” Guide to Business, (7), 19–20. (in Chinese).
Zheng, X.Y. and Zhang, Y. (2010). “An empirical study of factors affecting China’s real estate price.” Friends of Accounting, (9), 96–97. (in Chinese).
Information & Authors
Information
Published In
ICCREM 2016: BIM Application and Off-Site Construction
Pages: 991 - 997
Editors: Yaowu Wang, Ph.D., Professor, Harbin Institute of Technology, Mohamed Al-Hussein, Ph.D., Professor, University of Alberta, Geoffrey Q. P. Shen, Ph.D., Professor, The Hong Kong Polytechnic University, and Yimin Zhu, Ph.D., Professor, Louisiana State University
ISBN (Online): 978-0-7844-8027-4
Copyright
© 2017 American Society of Civil Engineers.
History
Published online: Aug 14, 2017
Authors
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.